Consolidation in UptrendLevel to watch out : 10500
High accumulation followed by low volume consolidation
L
Volatility
Consolidation in UptrendLevel to watch out : 164
High accumulation followed by low volume consolidation
Long
Long
Near all time high, good base formationLevel to watch for 103
High accumulation followed by low volume consolidation
Long
Near all time high, good base formationLevel to watch out 2580
All time high
Relative Strength positive
Long
Analysis: Resistance Zone in CHOLAFINAnalysis :
- The stock at resistance zone as mentioned through blue trendline in chart.
- It will be a good opportunity for long or short trade as significant volume observed today but with RSI divergence of HH-LL, dicey situation.
- Other factor are price above all moving key average.
Trade Idea :
a) Long : Trendline with volume b) Short : Entry will be violation of EMA 21 i.e. Rs 655
Target and Stop Loss as price action and risk management.
Disclaimer : The market is violate, trade cautiously with proper risk management
RSI divergence of HH-LL
Volatility Contraction Pattern(VCP)Volatility Contraction Pattern(VCP)
Platform / Launchpad formation
Smaller position in volatile market
Long
Bank nifty viewBank nifty has been trading in a parallel channel.
Whole day the market was trading in a parallel channel just after a gap up and movement in initial 15 minutes.
Wait for the parallel channel to break.
Hope you see levels and trade with the break out.
A falling wedge breakouthey traders,
So today i am seeing a falling wedge breakout which is a bullish sign one can take a trade at current levels or after retesting the breakout 2H/4H chart ADX and RSI are showing strength
RED lines are target or as per risk apetite and yellow line is for stoploss
Hold for some day LIC IPO can trigger for further upside
And before entry do your own analysis before jumping
Long
GOLD: Volatility Contraction PatternGOLD: Volatility Contraction Pattern.
Looks good one break the resistance level.
Long
Volatility Contraction Pattern(VCP)Volatility Contraction Pattern(VCP), upmove intact, 600 looks like a resistance.
Long
Consolidation in correction, higher high formationConsolidation in correction, higher high formation,
ATH first target, supporting volume
Long
Long
RAMKY showing potential VCP characteristicsRAMKY providing potential VCP setup with proper tight buy point.
Long
IGLWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Long
HAPPIEST MINDS TECHNOLOGIESHappiest Minds Technologies, THE MID CAP IT GIANT which a leading digital transformation technology provider is finally out from the trade to trade segment, the stock has seen a reasonable correction from its highs with improving fundamentals.the volumes are squeezed shows the TTM SQUEEZE ,the stock has formed a triple bottom like structure which is a bullish setup, previous times the stock was reversing from 1350 round levels but this time it has formed a swing near the supply zone which adds a feather to our chart and the swing low would be an ideal SL for the positional traders ,the only wait is for the volumes to return ,once the volumes return the stock can see a 90 degree momentum and the targets could be the ATH
Long
HBLPOWER providing proper buy point with VCP characteristicsHBLPOWER has formed a nice base with VCP characteristics .It has shown good Relative Strength when market was correcting. It is providing very tight pivot with reducing volume. Entry can be made above horizontally drawn pivot with initial SL at 60 Levels
Long
Consolidation in Uptrend, Can touch ATHVCP pattern, Possible breakout to ATH and beyond
respecting 200 and 50 DMA
Long
Volatility Contraction PatternStrong uptrend followed by long consolidation with volatility contraction on low volumes
Respecting 50 DMA
Long
HEROMOTOCO : RSI Divergence ViewHeromotors: Multiple times RSI divergence helps to reverse the trend. Is the same can repeat ?
Long
Matic Long TargetIf Matic crosses the white line then you can have a long position and the target will be the yellow circle.
MLong
Divergence in RSIThere was an RSI Divergence in BTC in 1hr timeframe. There's an chance for it correct a bit.
Short
HDFCWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
HLong
